News list for " crypto business"
According to Anthony Scaramucci, a short-lived former White House communications director and founder of SkyBridge Capital, US President Donald Trump's meme coin and other crypto businesses have created "pathways" for corruption.
Kyrgyz President Sadyr Zhaparov saw a tweet from Binance Lianchuang CZ at the X platform launch, in which he said that the two sides discussed the development of blockchain technology and digital assets in Kyrgyzstan at Cholpon-Ata, and the cooperation between the two sides will not be limited to Kyrgyzstan itself, but will provide support for the expansion of crypto business in the entire region.
JPMorgan analyst Kenneth Worthington forecasts that Robinhood (HOOD) 's record cryptocurrency trading revenue may not be sustainable in the fourth quarter of 2024, and that digital asset trading volume may decline in Quarter 1 in 2025. The trading platform will report its first-quarter results after hours on May 1, Eastern Time. The report shows that Robinhood's cryptocurrency trading revenue surged 700% in the fourth quarter of last year, pushing...
David Marcus, former head of Meta's crypto business and CEO of Lightspark, confirmed his invitation to participate in the first White House Crypto Summit.
Robinhood's Q4 crypto revenue reached $360 million, an increase of 490% from Q3, setting a quarterly record for the platform's cryptocurrency revenue. This figure far exceeds the previous peak of $1 126 million in the 2024 Quarter. Cryptocurrency revenue now accounts for nearly 40% of Robinhood's total quarterly revenue, compared to about 20% in the third quarter of 2024. In addition, RobinhoodQ4 cryptocurrency trading volume reached $71 billion.
The crypto business of German stock exchange Boerse Stuttgart already accounts for 25% of its revenue, and while the exact volume of cryptocurrency trading was not disclosed, the exchange group said in a press release late last year that the metric "almost tripled" in 2024, its best performance ever. Boerse Stuttgart CEO Matthias Voelkel said that bitcoin accounts for nearly 50% of the exchange's cryptocurrency revenue, and the exchange has been developing its cryptocurrency trading platform ove...
Cuy Sheffield, head of Visa's crypto business, said that the demand for stablecoins based on non-U.S. dollar fiat currencies will continue to grow in the coming years, and while the U.S. dollar is suitable for cross-border transactions, fast and efficient local currency conversion is equally important, providing a huge opportunity for other local currency stablecoins. Cuy Sheffield predicts that every major fiat currency will be represented on the blockchain in the future. He welcomes the emerge...
Chris Burniske, a former head of Ark Invest's crypto business and now a partner at Placeholder VC, wrote on X that market sentiment has been reset, leverage has been purged, and most high-quality crypto assets are at much higher lows than we saw in 2023. At the same time, global central banks are about to be forced to ease policy, and market volatility is expected to intensify in the third quarter. In any case, this is a good early form of a bull market.
Trading 212 Crypto, a newly established subsidiary of UK-based online broker Trading 212, has been granted Category 3 registration by the Cyprus Securities and Exchange Commission (CySEC), allowing the platform to offer cryptocurrency spot, custody, staking, and card services.
